An OFF-state voltage generating circuit regulates an OFF-state voltage level, for thin film transistors (TFT) in a liquid crystal display (LCD). A voltage generator receives a common voltage signal and an inverted common voltage signal and generates an OFF-state voltage to turn off the TFT of an LCD. A voltage regulator adjusts the level of the voltage from the voltage generator by varying the resistance of a variable resistor. A timing circuit keeps the voltage regulator from operating for a time during the initial ON-state of the power supply.